NewEnergyNews: WORKING OUT KINKS IN CAP&TRADE/

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

The challenge now: To make every day Earth Day.

YESTERDAY

THINGS-TO-THINK-ABOUT WEDNESDAY, August 23:

  • TTTA Wednesday-ORIGINAL REPORTING: The IRA And The New Energy Boom
  • TTTA Wednesday-ORIGINAL REPORTING: The IRA And the EV Revolution
  • THE DAY BEFORE

  • Weekend Video: Coming Ocean Current Collapse Could Up Climate Crisis
  • Weekend Video: Impacts Of The Atlantic Meridional Overturning Current Collapse
  • Weekend Video: More Facts On The AMOC
  • THE DAY BEFORE THE DAY BEFORE

    WEEKEND VIDEOS, July 15-16:

  • Weekend Video: The Truth About China And The Climate Crisis
  • Weekend Video: Florida Insurance At The Climate Crisis Storm’s Eye
  • Weekend Video: The 9-1-1 On Rooftop Solar
  • THE DAY BEFORE THAT

    WEEKEND VIDEOS, July 8-9:

  • Weekend Video: Bill Nye Science Guy On The Climate Crisis
  • Weekend Video: The Changes Causing The Crisis
  • Weekend Video: A “Massive Global Solar Boom” Now
  • THE LAST DAY UP HERE

    WEEKEND VIDEOS, July 1-2:

  • The Global New Energy Boom Accelerates
  • Ukraine Faces The Climate Crisis While Fighting To Survive
  • Texas Heat And Politics Of Denial
  • --------------------------

    --------------------------

    Founding Editor Herman K. Trabish

    --------------------------

    --------------------------

    WEEKEND VIDEOS, June 17-18

  • Fixing The Power System
  • The Energy Storage Solution
  • New Energy Equity With Community Solar
  • Weekend Video: The Way Wind Can Help Win Wars
  • Weekend Video: New Support For Hydropower
  • Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

    -------------------

    -------------------

      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

    -------------------

    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

  • ---------------
  • WEEKEND VIDEOS, August 24-26:
  • Happy One-Year Birthday, Inflation Reduction Act
  • The Virtual Power Plant Boom, Part 1
  • The Virtual Power Plant Boom, Part 2

    Friday, September 25, 2009

    WORKING OUT KINKS IN CAP&TRADE

    EU in tussle over CO2 emissions
    Laurence Peter, 24 September 2009 (BBC News)

    "The European Commission [EC] is considering pursuing a legal fight with the EU's top court over management of the EU Emissions Trading Scheme (ETS)…[after] the European Court of First Instance annulled commission decisions which sought to cut the CO2 emissions quotas of Poland and Estonia.

    "The court defended the right of EU states to set their own CO2 quotas…[S]everal other EU member states were challenging the commission over CO2 emission allowances: Bulgaria, Hungary, Latvia, Lithuania and Romania…Meanwhile, EU governments are striving to reach a common position on CO2 targets ahead of the December global summit on climate change in Copenhagen…"


    click thru for interactive chart

    "…The court ruling is another setback for the EU carbon markets, which are still in the "settling down" period…[It] does not bode well for the EU's effort to persuade the US into a global carbon market…

    "The commission had disputed the national allocation plans (NAPs) drawn up by Poland and Estonia for the 2008-2012 carbon trading period…[and] said Poland's CO2 quota should be cut by 27% and Estonia's by 48%…Under the ETS, CO2 permits are traded, with heavy polluters buying extra permits from enterprises that pollute less…Former communist bloc countries in Central and Eastern Europe want more lenient CO2 allowances, arguing that they made significant emissions cuts in the 1990s and that they need to catch up with the more developed, older EU member states."


    click thru for interactive charts

    [The court ruling:] "…[A] member state alone has the power, first, to draw up the National Allocation Plan (NAP), which it notifies to the Commission and... second, to take final decisions fixing the total quantity of allowances which it will allocate for each five-year period, and the distribution of that quantity amongst economic operators…[The commission] has a power of review in respect of NAPs, a power which is very restricted…[The commission] exceeded the margin for manoeuvre conferred upon it…[It] cannot claim to set aside the data in the NAP in question so as to replace them at the outset by data obtained from its own assessment method…"

    [An EC spokeswoman:] "…[There is now a need to] revise the allocation procedure…[but the carbon market will not be] swamped with allowances [as Poland and Estonia claim]…"

    0 Comments:

    Post a Comment

    << Home